The Rutland Redevelopment Authority established the Rutland Catalyst Fund, offering tax incentives to investors backing projects in the Vermont city's Opportunity Zone — a designation Rutland has held since 2017 but which, per RRA Executive Director Sean Adkins, has gone essentially unused. The fund is tied to completing the city's downtown hotel project and aims to make the dormant OZ 1.0 zone investable before the program's transition. It's a case study in the long tail of OZ 1.0: hundreds of designated zones never saw a dollar of QOF capital, and local vehicles like this are one way cities are trying to change that before the map redraws.
Original reporting by Daniel Cho for Opportunity Zone Invest, an independent OZ 2.0 research site. Facts are drawn from the primary sources cited above per our editorial standards. Nothing here is tax, legal, or investment advice.
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